1.2 ORGANISATION: THE KEY AREA FOR CHANGE
Organisation is a mechanism or a basic framework enabling persons to work together effectively and achieve the set goals, through integrated group efforts. The word “organisation” has been derived from the word “organ” which means various limbs or parts of a body. The human body is a combination of various limbs and if any one of the limbs stops functioning properly, then some defects develop in the human body. Similarly, no business activity can be undertaken without the five factors of production, namely, land, labour, capital, enterprise and organisation. The four factors may prove ineffective in the absence of the fifth—the organisation. The meaning of organisation lies in its functions. The function ...
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